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Indonesian economists called on Bank Indonesia to raise its benchmark rate after the Fed's 75-basis-point hike on July 27, 2022, to protect the rupiah. They differ on how large the increase should be, while BI has held its rate at 3.5%.
Expected BI tightening and pressure on the rupiah raise Indonesian borrowing costs and import costs for feed ingredients, a modest bearish factor for local feed demand.
thejakartapost.comFadhil Haidar SulaemanJul 28, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
